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Edward J. Lukco
  • Male
  • Newark, OH
  • United States
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What do you currently do, what are your business aspirations and what do you hope to benefit from by joining this community?
Ed has worked for over 30 years in the insurance and reinsurance industries. His extensive background experiences include executive management of a reinsurance intermediary; insurance and reinsurance underwriting, reinsurance producer, performing as Chief Financial Officer, university-level instructor and Chief Operating Officer for a software firm serving the insurance and reinsurance industries.


Ed has provided and established infrastructure for small and large reinsurance operations during his career including: establishing the financial controls and preparing the financial statements (including reporting and control procedures for all monies and revenues as well as preparation of financial statements for investors and presentations to board meetings), servicing of the book of business already in existence as well as the production of new business, building of relationships with both clients and markets, management of personnel, budgeting, negotiation of terms and conditions, making presentations, day-to-day work flow, process improvement, establishing cross-training programs, strengthening teamwork concepts, creating office procedures and guidelines, educating personnel, providing job descriptions and the setting of standards that the success of both personnel and the operation would be measured against.


Ed received his Bachelor of Science in Business Administration (BSBA) - Finance from the University of Florida, a Masters in Business Administration (MBA) from Ohio University, and also has the Associate in Risk Management (ARM) professional designation.

Edward J. Lukco's Blog

What’s Going to Happen?

When looking back at why you built the business that you did, it is important to consider the benefits that you wanted to receive.  What you many not have forecasted in your initial aspirations were the burdens that would accompany your success.

 

Business owners carry with them many burdens.  One of the more interesting of these burdens is the one that arises out of the success of the business that was created and those closest to you who oftentimes ask the question about the…

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Posted on June 24, 2011 at 1:41pm

Your Exit Plan is a Living Document

We’ve all done it.  We paid a consultant to assess our current situation and then did not follow through on the recommendations.  The final product of the assessment and the written report, sits on a shelf.  And, although the answers to many of our issues are provided within those pages and analysis, it just seems like we are too busy to focus on taking action on them.  This, by the way, applies to many areas of our lives, including past attempts at:

  • Personal investment…
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Posted on April 28, 2011 at 2:36pm

No Exit is a Panacea - The Pros and Cons of Internal Transfers

Many owners know in their hearts that they built their businesses to create a legacy.  Their companies do important work in a unique way with a team that they hand-picked and groomed over many years.  These business owners take a parental view of the business, caring for it and the employees, always building upon the strengths and core values of the company.  The business provides a nice lifestyle for these owners as well as a strong identity in their community.  To say that the business…

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Posted on March 11, 2011 at 12:26pm

Top Ten (10) Reasons to Plan Your Exit in 2011

(1)  Like it or not, you are one year older.

 

Long hard hours are what built your business and long hard hours have kept it running. How many more years of your life are you willing to invest in your business?  Wouldn’t you prefer to reap the rewards of that hard work instead?

 

(2)  This recession was either a shot across the bow or it may have hit the boat.

 

It is difficult to get a clear picture of how hard this recession has been…

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Posted on January 24, 2011 at 1:14pm

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